Constellation Investimentos e Participacoes Ltda Sells 9,965 Shares of MercadoLibre, Inc. (NASDAQ:MELI)

Constellation Investimentos e Participacoes Ltda trimmed its holdings in MercadoLibre, Inc. (NASDAQ:MELI - Free Report) by 27.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,300 shares of the company's stock after selling 9,965 shares during the period. MercadoLibre accounts for 43.3% of Constellation Investimentos e Participacoes Ltda's holdings, making the stock its largest position. Constellation Investimentos e Participacoes Ltda owned 0.05% of MercadoLibre worth $44,722,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MELI. Dimensional Fund Advisors LP grew its stake in MercadoLibre by 39.9% during the second quarter. Dimensional Fund Advisors LP now owns 235 shares of the company's stock worth $386,000 after buying an additional 67 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of MercadoLibre by 265.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,046 shares of the company's stock worth $6,649,000 after acquiring an additional 2,939 shares in the last quarter. Argent Trust Co bought a new position in MercadoLibre in the second quarter valued at approximately $247,000. Vanguard Personalized Indexing Management LLC raised its position in MercadoLibre by 6.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 1,788 shares of the company's stock valued at $2,871,000 after purchasing an additional 103 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in MercadoLibre by 8.6% during the second quarter. XTX Topco Ltd now owns 492 shares of the company's stock worth $809,000 after purchasing an additional 39 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Citigroup lowered their price target on MercadoLibre from $2,480.00 to $2,450.00 and set a "buy" rating for the company in a report on Tuesday, November 26th. Barclays dropped their target price on shares of MercadoLibre from $2,500.00 to $2,200.00 and set an "overweight" rating for the company in a report on Tuesday, November 12th. Wedbush decreased their price target on shares of MercadoLibre from $2,200.00 to $2,100.00 and set an "outperform" rating on the stock in a report on Monday, January 6th. BTIG Research dropped their price objective on shares of MercadoLibre from $2,250.00 to $2,200.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Finally, Raymond James initiated coverage on shares of MercadoLibre in a research report on Friday, September 27th. They issued an "outperform" rating and a $2,350.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $2,247.67.

Insider Transactions at MercadoLibre

In related news, Director Emiliano Calemzuk sold 50 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $1,984.98, for a total value of $99,249.00. Following the completion of the sale, the director now directly owns 238 shares of the company's stock, valued at $472,425.24. The trade was a 17.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.06% of the company's stock.

MercadoLibre Trading Down 0.1 %

Shares of MELI stock traded down $1.18 during mid-day trading on Monday, hitting $1,836.00. The company's stock had a trading volume of 245,067 shares, compared to its average volume of 364,653. MercadoLibre, Inc. has a 52 week low of $1,324.99 and a 52 week high of $2,161.73. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.22 and a current ratio of 1.25. The company's fifty day simple moving average is $1,853.58 and its 200-day simple moving average is $1,907.54. The company has a market cap of $93.09 billion, a PE ratio of 64.78, a P/E/G ratio of 0.92 and a beta of 1.60.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.